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To open long positions on EURUSD you need:The downward trend is broken. While trading is conducted above support for 1.1444, the demand for the euro will remain up to the upper limit of the side channel in the area of 1.1483, where I recommend taking profits. The formation of a false breakdown, in the event of a downward correction, at the level of 1.1444, will also be a signal to buy euros. In case of a return below the level of 1.1444 in the first half of the day, it is best to return to long positions on a rebound from 1.1407.

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Gold price continues to make higher highs and higher lows. The price is approaching our Fibonacci target of 61.8% of the entire decline, as we mentioned in previous posts. There no warning signs for a major top.

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Banking experts at Wall Street revised downward the forecasts for oil prices in 2019, reports The Wall Street Journal. Representatives of 13 investment banks that took part in a recent survey conducted by the WSJ, predict that the average cost of Brent black gold next year will be $ 69 per barrel, not $ 77, as was previously expected, in November. Estimate for WTI crude was lowered from $ 70 to $ 63 a barrel.

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EURUSD: pair has met the support at around 1.1350

Previous:Friday’s trading closed nearly 100 pips down. Growth from the 1.1440 support stopped at the 1.1474 mark. While the subsequent drop seemed like a technical correction up until 1.1420, the breakout of the trend line at 1.1412 sped up the decline on the back of stop levels being activated and short positions closed.

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Gold price has made a new higher maximum. However, there are some bearish divergence signs on the H4 chart that provide a warning for bulls. The price has stopped at the 50% Fibonacci retracement of the decline from $1,365. We must keep an eye on the RSI resistance trend line to find a clue for a rejection or an upside.